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Tesla Trade-in Offer a Joke

Discussion in 'Tesla Motors' started by rwittick, Nov 1, 2015.

  1. rwittick

    rwittick New Member

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    You folks were right. The Tesla trade-in offers are ridiculously low. It took the Cleveland OA almost two weeks to come up with a trade-in appraisal, and what he came up with was about $20,000 below what Kelly Bluebook says the trade-in value for my car should be. Trading a car in to Tesla is definitely not the way to go.
     
  2. Zythryn

    Zythryn MS 70D, MX 90D

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    Trading a car into a dealer or manufacturer is rarely the way to go.
    You will almost always come out better selling it privately.

    That said, KBB value for Tesla's are highly suspect, and I doubt you would get $20k above Tesla's trade in value.
    In our case, we figured we could get a couple thousand more than what Tesla offered us. However, with the tax treatment of the trade in, the Tesla offer easily beat the most likely private sale value.
     
  3. TexasEV

    TexasEV Active Member

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    Have you found anyone willing to buy your Tesla for $20,000 more than what KBB says? Until then, I think it's premature to call the offer ridiculously low.
     
  4. msnow

    msnow Active Member

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    I just went through this. Tesla now uses local brokers who essentially offer what they would pay at an auction. In other words way below wholesale KBB (i.e. dealer trade-in value). You are better off going to AutoNation or CarMax or optimally selling it yourself. Tesla makes nothing off these trade-ins, that isn't their business. It's just a convenience for buyers.
     
  5. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Active Member

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    You mean for the $20,000 more that KBB says.

    If you don't like the trade-in price, look elsewhere.
     
  6. TexasEV

    TexasEV Active Member

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    Yes that's what I meant.
     
  7. Kandiru

    Kandiru Member

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    +1, if you don't want to deal with the edentulous characters scoping out your property, go Carmax, they sell the car directly so sometimes you get above KBB, my neighbor did.
     
  8. Rifleman

    Rifleman Now owns 2 Model S's!!!

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    I traded in my 2012 SanteFe for my first Model S, and was actually very happy with the offer Tesla gave me on it. They actually came in a little bit above KBB for the car. I think it just depends on what you are trading in, and what the current alignment of the moon and stars is.
     
  9. msnow

    msnow Active Member

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    "edentulous" - now there's a word you don't see too often. [emoji3]
     
  10. Nevek

    Nevek Overt Member

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    I don't know, I can't really get my teeth into it.
     
  11. freds

    freds Member

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    Hmmm, numbers are I think a bit skewed in sales tax states. Here in Washington you pay sales tax on the difference between your trade in and purchase. Which is the only reason I am considering it, as when I brought the car there was no sales tax....
     
  12. AmpedRealtor

    AmpedRealtor Active Member

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    OP said the trade-in price was $20,000 BELOW KBB. He's not asking for $20,000 more than KBB. It's fair to sell at the KBB price.
     
  13. strider

    strider Active Member

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    Note that their may be some confusion in this thread. Trading in a "Tesla" to Tesla vs trading in a "non-Tesla" to Tesla. I believe the OP is trading in a "non-Tesla."
     
  14. Mark Z

    Mark Z Active Member

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    I got my values today from Tesla. $10,000 below KBB. Since I have transferable extended warranty, it makes sense to attempt a sale to a private party IF I like the Model X more than my 2012 Signature Red Model S.

    What surprised me is when I brought up how much more they were going to sell my car for, they quoted me their future sales price. About $3,000 less than KBB.

    It was a bit frustrating to learn that their value was about half of what I paid 3 years ago. Their value would work out to about $1 a mile of depreciation for my usage. Considering cross country driving, it might be more cost effective to fly and save some of the trade-in value.
     
  15. TexasEV

    TexasEV Active Member

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    People generally don't buy Teslas to be cost effective.
     
  16. Mark Z

    Mark Z Active Member

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    What, I am not saving enough on electricity to pay for the Model S?

    (LOL, I did get a laugh from your cost effective response.) :smile:
     
  17. msnow

    msnow Active Member

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    The whole trade-in and resale used car thing is a pretty sleazy business if you ask me. You just have to grin and bear it then forget about it.
     
  18. mjtgroup

    mjtgroup Member

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    Traded in my 2013 "40" and got 90% of what I paid (factoring in the Fed rebate). Know it was because it was converted to a "60" at no cost to Tesla. Actually sold as Certified Pre-Owned for less than what I was paid. Go figure . . .
     
  19. benfrank3

    benfrank3 Member

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    Place an ad on the classifieds here on the forum. I received a low ball from Cleveland/Columbus but priced the car right on the forum and sold it in 6 days. I also placed ads on cars.com and craigslist.org, both generated interest but you have to price it right. Look at the cars already on the classifieds, and the CPO website and don't over-price it.
     
  20. MsElectric

    MsElectric Active Member

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    Just so you realize, Kelly Bluebook means absolutely nothing when it comes to Tesla valuations. Those figures were pulled out of someone's rear end. Before the D's actually arrived the beginning of this year there was not much of a used Tesla market to begin with.

    If you want some idea about Tesla vehicle valuations that have any basis in fact and reality just look up sold listings on eBay.

    http://www.ebay.com/sch/Cars-Trucks-/6001/i.html?_from=R40&_nkw=Tesla+Model+S&_in_kw=1&_ex_kw=&_sacat=6001&LH_Sold=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=15&_stpos=20816-2721&_sargn=-1%26saslc%3D1&_salic=1&_sop=12&_dmd=1&_ipg=25&LH_Complete=1
     

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